Lassiter High School Real Estate Market Update

Cobb County, Georgia :: 3Q 2016

Marietta homes in the Lassiter High School district are always in high demand. We wanted to show you how well the market is doing with the 3Q Lassiter HS real estate market update! You’ll be able to find out if home values are on the rise, how quickly East Cobb homes are selling and get the latest scoop on market trends so you can decide if it is the right time to buy or sell a home. See the full Lassiter High School Real Estate Report below (it’s just a 5 minute read!)….

Overview of the Lassiter High School Real Estate Market

HOMES SOLD

130 homes sold in the Lassiter HS district in 3Q. That’s down by about 10% from the same time last year, but as you’ll see below, the low inventory is helping the home owners sell their home much faster.

HOME PRICES IN LASSITER HS DISTRICT

The average single family home sales price is $399K. That is up $10,000 from the same time last year and is a modest 2% increase.

* Single family home prices ranged from $155,000 to $982,000 last quarter
* There were a fair amount of new construction homes sold, but this year we saw more investor-owned home renovations hitting the market.

HOW QUICKLY ARE HOMES SELLING?

Last quarter, Lassiter HS homes sold in 22 days (median). That’s right on par with the same time last year.

What we did see this quarter was that most of the Marietta homes fell into two categories — they were either priced (and staged) to sell quickly or they were way overpriced when they first listed the home.

Almost 40% of the listings sold in less than 2 weeks, while another 30% took more than two months to sell — many were 100+ days.

If you are thinking of selling your home, please make sure that it is priced correctly when it is first listed! Get pricing recommendations at least three different real estate agents to ensure that your home will not only sell quickly but for top dollar.

*** See the top home sales below, including how long it took to sell each one. Check the DOM or “Days on Market” column.

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely! The list price to sales price percentage is 97.2%, so buyers are negotiating about 2.8% off the sales price (on average).

29% of the Lassiter HS homes sold at at 100% or more of the asking price.

The Lassiter High School real estate and home sales data was extracted from the Marietta / Atlanta FMLS on 12/1/2016 and interpreted by Kerry Lucasse with eXp Realty. Information is deemed reliable but is subject to change. If you would like a copy of all the homes sold in this East Cobb high school district (including photos!), please call Kerry at 404-205-8800. We’d be happy to email it to you!